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slumdogbroker

slumdogbroker has written 52 posts for Slumdogbroker’s Blog

Nifty futures view on 06/02/17

​ NIFTY FUT:  (CMP 8820) 8777 – 8811 ARE IMPORTANT LEVELS AT CURRENT SITUATION. IF 8811 HOLDS TODAY SECOND HALF THEN 8829 – 8844 – 8857 CAN BE SEEN. IF NOT HOLD THEN SOME PROFIT BOOKING TILL 8722 – 8690 – 8675.

Brokers corner

​CLSA ON MARUTI:  Maintain buy, target at `6650 Maruti should deliver strong 12% volume CAGR over FY17-19  Vol growth driven by new products, easing capacity constraints, demand normalisation Margins could come under pressure in ramp-up phase of Gujarat plant, rising commodity prices Believe a weakening yen will offer some buffer; Forecast healthy 15% EPS CAGR … Continue reading

Nifty futures 

​MY VIEW: NIFTY FUT (CMP 7943) AS EXPECTED SOME BOUNCE BACK NIFTY FUT TOOK SUPPORT NEAR 7890 – 7903. NIFTY FUT CURRENTLY TRADING NEAR RESISTANCE 7943 – 7960. BELOW SUPPORT ZONE IF TRADES AND SUSTAINS THEN 7881 – 7865; BELOW WHICH PANIC SELLING MAY BE SEEN. IF BREAKS ON HIGHER SIDE THEN 7990 – 8008 … Continue reading

old notes demonetisation

​Hindustan Times: Possession of old notes after December 30 may invite penalty of over Rs 50,000. http://google.com/newsstand/s/CBIwgdSp7jI

news

​https://www.google.co.in/amp/www.cnbc.com/amp/2016/12/26/asia-markets-to-eye-japan-data-deluge-and-currencies.html

Sunpharma

​MY VIEW: SUNPHARMA (CMP 626) STOCK IS NOT SUSTAINING ABOVE 635 – 636 SINCE LAST 2 DAYS… BELOW 623 – 621 TRADE WITH VOLUME THEN WE CAN SEE SOME MORE FALL ON CARD TILL 616 – 611 – 607… STOCK WILL BE POSITIVE ONLY IF TRADES ABOVE 636

Today’s nifty

​MY VIEW: NIFTY FUT YESTERDAY LOW 8072; FOR TODAY TRADES BELOW 8058 – 8052 THEN WEAKNESS TILL 8037 – 8021 – 8003; ABOVE 8104 – 8111 WE CAN SEE 8127 – 8135 – 8149;  NOTE: MKT MAY SHOW SOME BOUNCE BACK BUT IT WILL BE SELL ON RALLIES; MKT SOURCES SAYS IN ABSENCE OF FIIs … Continue reading

Nifty futures 16/12/16

​16-Dec-16 MY VIEW: NIFTY FUT (CMP 8155) Last few days Nifty Fut facing stiff resistance around 8275 – 8289 levels and unable to give a close above same… this shows mkt is not getting buying support at higher levels… Important Resitance 8276 – 8289; Major support at 8120 levels;  Now again today small intraday resistance … Continue reading

US FED policy meet Highlights

• *Raises key rate by 0.25%* to new midrange of 0.50-0.75% *(median 62.5)* • Second rate hike since 2008 financial crisis. *Vote 10-0 in favor of hike* • *Anticipate 3 hikes in 2017*(up from 2 in sept),2018 & 2019 • median range of FED rate increased by 0.25% over next 3 yrs (1.4 median rate … Continue reading

Brokers corner

​CLSA ON FOMC: ET NOW Rate hike of 25 bps by Fed was 100% discounted Rate hike might be the start of a more normal tightening cycle Yellen emphasised the change in forecasts as only a modest adjustment Market does not yet fully discount three rate increases in 2017 Strong dollar is today’s most crowded … Continue reading